Confidence in renewable energy sector ‘evaporated’ after Abbott cut: Bloomberg

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Here’s looking forward to PM Turnbull starting to walk-the-talk:

Australia will need to triple <investment> to annual sum of $3.6 billion needed to meet even the lowered RET goal of 33,000 gigawatt-hours of clean energy a year by 2020…”The Liberal and Labor deal to cut RET has enabled the big three energy retailers [AGL, Origin and EnergyAustralia] to prolong uncertainty for this vital industry,”…”In absence of a strong RET, the [CEFC and ARENA] are even more important, but it’s still Liberal policy to abolish them both,” Senator Di Natale said, adding the Greens’ policy calls for 90 per cent of Australia’s electricity to come from renewables by 2030…Labor wants the renewable energy share to rise to 50 per cent by 2030…

>more> TheAge

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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